Tether Dominance, TA

» There is a lower high on the chart. This is a long-term timeframe. The signals are very strong here.

» There is a strong rejection at SMA200, this level being confirmed as resistance.

» There is a very strong decline in volume.

» There are three consecutive weeks closing red.

These are all very powerful bearish signals.

» This week wicked lower compared to 24-March.

Tether Dominance just produced the lowest reading on a drop since November 2024. When USDT.D was moving down in November 2024, everything Crypto was moving up. The conditions are similar today.

Tether Dominance can be seen moving down as a continuation of a bearish trend. This is happening after a lower high is fully in and confirmed.

Short-term, there can be a small pullback followed by lower prices.

For example, several days can close green but by the time next week ends, the action turns full red. Just as it happened on the 7-April week. The action started strongly bullish but USDT.D ended with a bearish week and the start of a decline that will lead to a lower low.

We are likely going to see the lowest reading on this index since March 2022 or December 2021. It is a long process but the chart is pointing down. That is what the chart says.

Thank you for reading.

Namaste.